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Report Description

Report Description

Global Spatial Computing market is expected to thrive during the forecast period 2024-2028. Growing need for real-world digital solutions development and improving human-machine and machine-to-machine interface support market expansion. The applicability of spatial computing has expanded with the growing uptake of IoT (Internet of Things), VR (Virtual Reality), and AR (Augmented Reality) devices and applications. It digitalizes the procedures, uses sensors to gather the data, and gives the computer hardware control over the operations and features of the object. This suggests that they simulate the physical environment through a computer interface. Additionally, it blends the real and digital worlds in a seamless manner to immerse users in the 3D experience while making them aware of their surroundings.

Spatial computing technology is used by researchers, doctors, and scientists to map important information about the depths of the ocean and track diseases. Spatial computing is used by environmentalists to forecast the behaviour of extinct creatures and by self-driving automobiles to securely transport passengers to their destinations. Virtual reality and augmented reality are the two technologies that are most likely to be connected to spatial computing.

Additionally, rising potential application in medical surgery, where the image obtained from a test can be accurately superimposed on a patient's body is driving demand for the spatial computing market.

Rise in Demand in Manufacturing Sector is Fueling the Market Growth

Globally, manufacturers have the opportunity to take real-life practice optimization to a completely new level with the use of spatial computing, which automates spatial interactions between machines, people, and objects in order to detect their precise location and movements inside a 3D area. Moreover, through Industrial Internet of Things (IIoT) initiatives, companies have been able to achieve unprecedented levels of efficiency. They have given manufacturing floor equipment smart sensors so they can report on their usage and status and take remote commands. Connected operations offer a far better understanding of how facilities are operating. Companies have been able to increase income, save expenses, and improve quality as a result, but the benefits now available are limited since IIoT still lacks crucial spatial information.

The demand for spatial computing is rising in order to overcome draw backs in IIo. Modern camera systems assess the distances between machines, people, and objects in addition to taking pictures in two dimensions. It is totally conceivable to build much more in-depth, real-time models of reality when it can link the 3D images of several cameras and analyse the results. As a result, a "digital twin" of the entire factory is created, allowing interdisciplinary working groups to remotely collaborate while yet being able to monitor and control it as if they were all present on the production floor. Thereby, driving the growth in the spatial computing market.

Employee Performance Analysis is Driving the Market Growth

Growing adoption of spatial computing in order to monitor employee performance is driving market growth. Worker and production constraints can be found more precisely and quickly with spatial computing analytics than with earlier techniques. Spatial "heat maps," for instance,  provide fresh insights about the amount of time a worker spends at a specific spot during a specific stage of a workflow and the most popular routes around the factory. By examining how employees perform on various activities, it is possible to determine the types of work in which they excel and then assign them to assignments that are compatible with their unique set of abilities and physical characteristics. These employees, are given the freedom to do their best work in ways that are both safer and more efficient. Moreover, with the help of spatial computing, workers can interact with the surrounding digital ecosystem both as a consumer and a provider. For instance, it can show them exactly where a mistake happened on the shop floor and show them how to get there quickly.


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Market Segmentation

On the basis of type, the market is segmented into component, technology, application, industry and region. On the basis of component, the market is segmented into hardware, software, services. On the basis of technology, the market is further divided into augmented reality, mixed reality, and virtual reality. Based on application, the market is further split into entertainment, design and manufacturing, meetings and interaction, logistics, others. On the basis of industry, the market is further split into BFSI, government & public sector, IT & telecom, travel & hospitality, retail, energy & utilities, healthcare, manufacturing, education, others. On the basis of region, the market is divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

Recent Advancements

  • Microsoft is attempting to assist business customers in making the transition from the 2D screens they currently use on a daily basis to a future of wearable, hands-free user interfaces and 3D holographic representations. The company's HoloLens 2 mixed reality headset, which was unveiled in 2019, has a design that is more balanced and comfortable, twice the field of view of the original HoloLens, and significantly increases the resolution of the 3D imagery that can be viewed via the lenses.

Company Profiles

Microsoft Corporation, Google LLC, Meta Platforms, Inc., PTC Inc. (Vuforia), Amazon.com, Inc., Ford Motor Company, IBM Corporation, Sony Group Corporation, NVIDIA Corporation and Magic Leap Limited, are among the major players that are driving the growth of the global Spatial Computing market.

Attribute

Details

Base Year

2022

Historical Years

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Billion and CAGR for 2018-2022 and 2023E-2028F

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

By Component

By Technology

By Application

By Industry

By Region

Regional Scope

North America, Asia-Pacific, Europe, Middle East & Africa and South America

Country Scope

United States, Canada, Mexico, China, Japan, India, Australia, South Korea, United Kingdom, Germany, France, Spain, Italy, Israel, Turkey, Saudi Arabia, UAE, South Africa, Brazil, Argentina, Colombia

Key Companies Profiled

Microsoft Corporation, Google LLC, Meta Platforms, Inc., PTC Inc. (Vuforia), Amazon.com, Inc., Ford Motor Company, IBM Corporation, Sony Group Corporation, NVIDIA Corporation and Magic Leap Limited

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail of customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

 

Report Scope:

In this report, the global Spatial Computing market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Spatial Computing Market, By Component:
    • Hardware
    • Software
    • Services
  • Spatial Computing Market, By Technology:
    • Augmented Reality
    • Mixed Reality
    • Virtual Reality
  • Spatial Computing Market, By Application:
    • Entertainment
    • Design and manufacturing
    • Meetings and interaction
    • Logistics
    • Others
  • Spatial Computing Market, By Industry:
    • BFSI
    • Government & Public Sector
    • IT & Telecom
    • Travel & Hospitality
    • Retail
    • Energy & Utilities
    • Healthcare
    • Manufacturing
    • Education
    • Others
  • Spatial Computing Market, By Region:
    • North America
      • United States
      • Canada
      • Mexico
    • Asia-Pacific
      • China
      • Japan
      • India
      • Australia
      • South Korea
    • Europe
      • United Kingdom
      • Germany
      • France
      • Spain
      • Italy
    • Middle East & Africa
      • Israel
      • Turkey
      • Saudi Arabia
      • UAE
      • South Africa
    • South America
      • Brazil
      • Argentina
      • Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the global Spatial Computing market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
Table of content

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

4.    Voice of Customer

4.1.  Brand Awareness

4.2.  Key Factors for Selecting Vendor

4.3.  Key Satisfaction Level

4.4.  Key Challenges Faced

5.    Global Spatial Computing Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Component (Hardware, Software, Services)

5.2.2.    By Technology (Augmented Reality, Mixed Reality, Virtual Reality)

5.2.3.    By Application (Entertainment, Design and manufacturing, Meetings and interaction, Logistics, Others)

5.2.4.    By Industry (BFSI, Government & Public Sector, IT & Telecom, Travel & Hospitality, Retail, Energy & Utilities, Healthcare, Manufacturing, Education, Others)

5.2.5.    By Region

5.2.6.    By Company

5.3.  Market Map

6.    North America Spatial Computing Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Component

6.2.2.    By Technology

6.2.3.    By Application

6.2.4.    By Industry

6.2.5.    By Country

6.3.  North America: Country Analysis

6.3.1.    United States Spatial Computing Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value 

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Component

6.3.1.2.2.           By Technology

6.3.1.2.3.           By Application

6.3.1.2.4.           By Industry

6.3.2.    Canada Spatial Computing Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value 

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Component

6.3.2.2.2.           By Technology

6.3.2.2.3.           By Application

6.3.2.2.4.           By Industry

6.3.3.    Mexico Spatial Computing Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value 

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Component

6.3.3.2.2.           By Technology

6.3.3.2.3.           By Application

6.3.3.2.4.           By Industry

7.    Asia-Pacific Spatial Computing Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Component

7.2.2.    By Technology

7.2.3.    By Application

7.2.4.    By Industry

7.2.5.    By Country

7.3.  Asia-Pacific: Country Analysis

7.3.1.    China Spatial Computing Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value 

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Component

7.3.1.2.2.           By Technology

7.3.1.2.3.           By Application

7.3.1.2.4.           By Industry

7.3.2.    Japan Spatial Computing Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value 

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Component

7.3.2.2.2.           By Technology

7.3.2.2.3.           By Application

7.3.2.2.4.           By Industry

7.3.3.    South Korea Spatial Computing Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value 

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Component

7.3.3.2.2.           By Technology

7.3.3.2.3.           By Application

7.3.3.2.4.           By Industry

7.3.4.    India Spatial Computing Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.           By Value 

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.           By Component

7.3.4.2.2.           By Technology

7.3.4.2.3.           By Application

7.3.4.2.4.           By Industry

7.3.5.    Australia Spatial Computing Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.           By Value 

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By Component

7.3.5.2.2.           By Technology

7.3.5.2.3.           By Application

7.3.5.2.4.           By Industry

8.    Europe Spatial Computing Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Component

8.2.2.    By Technology

8.2.3.    By Application

8.2.4.    By Industry

8.2.5.    By Country

8.3.  Europe: Country Analysis

8.3.1.    Germany Spatial Computing Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value 

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Component

8.3.1.2.2.           By Technology

8.3.1.2.3.           By Application

8.3.1.2.4.           By Industry

8.3.2.    United Kingdom Spatial Computing Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value 

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Component

8.3.2.2.2.           By Technology

8.3.2.2.3.           By Application

8.3.2.2.4.           By Industry

8.3.3.    France Spatial Computing Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value 

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Component

8.3.3.2.2.           By Technology

8.3.3.2.3.           By Application

8.3.3.2.4.           By Industry

8.3.4.    Italy Spatial Computing Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.           By Value 

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.           By Component

8.3.4.2.2.           By Technology

8.3.4.2.3.           By Application

8.3.4.2.4.           By Industry

8.3.5.    Spain Spatial Computing Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.           By Value 

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.           By Component

8.3.5.2.2.           By Technology

8.3.5.2.3.           By Application

8.3.5.2.4.           By Industry

9.    South America Spatial Computing Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Component

9.2.2.    By Technology

9.2.3.    By Application

9.2.4.    By Industry

9.2.5.    By Country

9.3.  South America: Country Analysis

9.3.1.    Brazil Spatial Computing Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value 

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Component

9.3.1.2.2.           By Technology

9.3.1.2.3.           By Application

9.3.1.2.4.           By Industry

9.3.2.    Argentina Spatial Computing Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value 

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Component

9.3.2.2.2.           By Technology

9.3.2.2.3.           By Application

9.3.2.2.4.           By Industry

9.3.3.    Colombia Spatial Computing Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value 

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Component

9.3.3.2.2.           By Technology

9.3.3.2.3.           By Application

9.3.3.2.4.           By Industry

10. Middle East & Africa Spatial Computing Market Outlook

10.1.             Market Size & Forecast

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Component

10.2.2. By Technology

10.2.3. By Application

10.2.4. By Industry

10.2.5. By Country

10.3.             Middle East & Africa: Country Analysis

10.3.1. Israel Spatial Computing Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value 

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Component

10.3.1.2.2.         By Technology

10.3.1.2.3.         By Application

10.3.1.2.4.         By Industry

10.3.2. Turkey Spatial Computing Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value 

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Component

10.3.2.2.2.         By Technology

10.3.2.2.3.         By Application

10.3.2.2.4.         By Industry

10.3.3. UAE Spatial Computing Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value 

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Component

10.3.3.2.2.         By Technology

10.3.3.2.3.         By Application

10.3.3.2.4.         By Industry

10.3.4. Saudi Arabia Spatial Computing Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.         By Value 

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.         By Component

10.3.4.2.2.         By Technology

10.3.4.2.3.         By Application

10.3.4.2.4.         By Industry

10.3.5. South Africa Spatial Computing Market Outlook

10.3.5.1.     Market Size & Forecast

10.3.5.1.1.         By Value 

10.3.5.2.     Market Share & Forecast

10.3.5.2.1.         By Component

10.3.5.2.2.         By Technology

10.3.5.2.3.         By Application

10.3.5.2.4.         By Industry

11. Market Dynamics

11.1.             Drivers

11.1.1. Rise In Demand in Manufacturing Is Fueling the Market Growth

11.1.2. Employee Performance Analysis is Driving the Market Growth

11.2.             Challenges

11.2.1. Network Connectivity and Technical Difficulties Involved In Spatial computing

11.2.2. Concerns regarding security and privacy

12. Market Trends & Developments

12.1.